Overview

Centralized Modeling, Analytics and Operations (CMAO), a team within State Street’s Enterprise Risk Management (ERM) department, is looking for a professional with strong quantitative, problem-solving and communication skills. The primary focus for the position will be to develop quantitative models to assess and analyze risks associated with State Street’s investment portfolio which consists of various fixed income securities.

Position Duties and Responsibilities

The Quantitative Analyst, Officer is a Boston, MA-based position in CMAO. This individual must have some experience in quantitative modeling with strong programming skills in Python and R, and possess excellent verbal and written communication skills

Primary responsibilities

• The quantitative analyst is expected to utilize advanced quantitative skills to develop credit risk models by directly linking macroeconomic factors to key credit risk drivers for various asset classes held in the investment portfolio

• Documenting, defending, and conducting ongoing monitoring of model performance through advanced statistical testing and sensitivity analysis

• Writing clear technical documentation as well as presenting and defending results to independent Model Validation team

• Collaborating with business partners in the model development process

• Implementing model in Python/R in a controlled environment

• Providing quantitative support on special projects, and Completing ad hoc assignments as needed

Qualifications

• Master’s degree in quantitative discipline

• Good understanding of statistics, econometrics, multivariate regressions, machine learning and other quantitative finance topics

• Familiar with Python and R, and able to perform large dataset analysis and build quantitative models

• Basic knowledge in financial markets and fixed income products

• Ability to communicate complex concepts to broad audiences, with good verbal and written communication skills

• Able to work independently on complex projects as well as the ability to be a team player in a fast-paced, high-energy level environment

• Results oriented. Willingness to work in a position with uneven and high priority project work